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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Common Share 
The calculations of basic and diluted earnings per common share for years ended December 31 were as follows:  
(Dollars in thousands, except per common share data)
2011
2010
2009
Distributed earnings allocated to common stock
$
3,167

$
4,209

$
6,892

Undistributed earnings allocated to common stock
8,019

(683
)
(4,580
)
Net earnings allocated to common shareholders
$
11,186

$
3,526

$
2,312

 
 
 
 
Weighted-average common shares outstanding
10,482,318

10,424,474

10,363,975

Effect of potentially dilutive common shares
—

7,516

10,817

Total weighted-average diluted common shares outstanding
10,482,318

10,431,990

10,374,792

 
 
 
 
Earnings per common share:
 
 
 
Basic
$
1.07

$
0.34

$
0.22

Diluted
$
1.07

$
0.34

$
0.22

As disclosed in Note 11, Peoples had a Warrant to purchase 313,505 common shares outstanding at December 31, 2011.  This Warrant was excluded from the calculation of diluted earnings (loss) per common share since it was anti-dilutive.  In addition, stock options and SARs covering 210,370, 243,560 and 285,678 common shares were excluded from the calculations for the years ended December 31, 2011, 2010 and 2009, respectively, since they were anti-dilutive.